Economics

2. The governing body of a nation, state, or community
6. The action of manufacturing from components to create something new
7. Country that is mostly socialist
8. Author of the book “Progress”
11. From 1981 to 2015, the _______ _____ in the U.S. significantly and quickly decreased.
13. Public ownership of property and natural resources
17. The ____ _________ rates in America have significantly increased because of capitalism.
18. A system that combines aspects of both capitalism and socialism
19. Country run by a capitalist system
20. Social goal of the economics system that values protection

1. A primary goal of capitalism
3. Evaluating actions and policies based on what is right and wrong
4. Socialism prevents citizens from owning _______ ________.
5. In a market system, the thing being traded can include _____ and services.
9. The inputs used to produce goods and services, encompassing natural, human, and capital assets
10. An increase in the size or capacity of an economy over a period of time
12. An economic system where private individuals or businesses own and control the means of production
14. An _______ is a system where people produce, buy, and sell goods and services.
15. Many decisions come down to personal preferences and ________.
16. The primary goal of any economic system is to ________ scarce resources